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Avex Inc., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Thu Nov 7, 2024 3:30 pm JST Earnings

7860 Avex Inc. 【J-GAAP】

Earnings Report

Avex Inc. <7860> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 2.38 billion yen (compared to a profit of 2.18 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1.14 billion yen (compared to a profit of 201 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.9% in the same period last year to -2.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 54,060 3,619 3,771 3,207 71.2 93.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 64,355 2,167 2,186 2,458 54.4 192.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 56,131 -2,122 -2,385 1,632 36.5 ー Nov 7, 2024 J-GAAP
YoY -12.8% － － -33.6% -32.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 25 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 56,131 -2,122 -2,385 1,632 36.5 25 Nov 7, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 69,032 -902 -1,049 -1,471 -32.5 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 4,122 ー 2,868 67.7 25 Nov 7, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 121,561 3,385 4,055 2,742 60.8 50 May 11, 2023 J-GAAP
Mar, 2024 133,387 1,265 1,137 987 21.8 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance ー 2,000 ー 4,500 106.2 50 Jun 21, 2024 J-GAAP
YoY － +58.1% － +355.9% +386.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,382 286 201 -246 -5.4 0.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 30,027 -590 -881 -1,021 -22.6 -2.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 39,005 -312 -168 -450 -10.0 -0.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 25,548 -1,281 -1,236 1,834 40.5 -5.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 30,583 -841 -1,149 -202 -4.5 -2.7 Nov 7, 2024 J-GAAP
YoY -5.6% － － +17.9% +16.9%

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